Hungary Steps up Cooperation with Azerbaijan

Int’l Relations

Photo by Vivien Cher Benko/MTI

Hungary's cooperation with Azerbaijan has been "raised a notch" to the level of "priority strategic partnership", Prime Minister Viktor Orbán said on Monday, after a meeting with Azeri President Ilham Aliyev.

In a joint statement, Orbán said demand for energy diversification has raised Azerbaijan's profile, and he welcomed the country's commitment to improving Europe's energy security.

He said the sides signed one agreement doubling the volume of gas arriving in Europe from Azerbaijan by 2027 and another on the delivery of electricity from Azerbaijan to Europe. He added that Hungary would be a transit country for both gas and electricity.

Orbán argued that energy cooperation between Bulgaria, Romania, Hungary, and Slovakia is now not just a regional matter but an issue impacting all of Europe, because of their roles as transit countries for energy bound for the rest of Europe, adding that the European Commission needs to provide "appropriate" support for the necessary projects.

Aliyev said Azerbaijan has enough energy to be a dependable supplier to Europe for the next 100 years.

The Azeri President noted that the longtime friendly cooperation between Hungary and Azerbaijan has mutual benefits, for Europe, too, and pointed to the importance of their enhanced bilateral cooperation. In addition to the area of energy, ties between the two countries are "outstanding" in education and transport, he added.

Aliyev also invited Orbán to visit Azerbaijan.

Bilateral agreements were also signed on Monday on cooperation in farming, space research, and managing migration.

ADVERTISEMENT

Wolf Theiss Advises Uniper on Sale of Gas Power Plant to Veo... Analysis

Wolf Theiss Advises Uniper on Sale of Gas Power Plant to Veo...

Fidesz-KDNP Nominates Constitutional Court Head for Presiden... Government

Fidesz-KDNP Nominates Constitutional Court Head for Presiden...

Rába Earnings Fall as Margins Squeezed Automotive

Rába Earnings Fall as Margins Squeezed

Number of Chinese Tourists in Hungary Quadruples From Pre-CO... Tourism

Number of Chinese Tourists in Hungary Quadruples From Pre-CO...

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.